IndusInd Bank Records 18% Advance Growth, Deposits Up By 14% In Q4 FY24

IndusInd Bank reported an 18 per cent surge in advances to Rs 3,42,857 crore in the March quarter, marking substantial growth from Rs 2,89,924 crore in the preceding quarter. Deposits also climbed by 14 per cent to Rs 3,84,789 crore compared to the previous year, as disclosed in regulatory filings. However, the bank noted a decline in low-cost deposits, with CASA dropping to 37.9 per cent from 40.1 per cent of total liabilities during the quarter.

Similarly, Suryoday Small Finance Bank saw a robust 41 per cent rise in gross advances to Rs 8,650 crore in Q4 FY24 from Rs 6,114 crore in the same period last year. The bank also witnessed a significant 50 per cent increase in deposits, reaching Rs 7,775 crore compared to Rs 5,167 crore in the corresponding quarter of the previous fiscal year, according to a statement issued by Suryoday Small Finance Bank.